Deals

Technology M&A’s Record Run Ends in 20% Slump

Tech selloff in markets is hurting deal-flow early in 2026.

The Anthropic icon on a notebook during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Anthropic PBC is donating $20 million to a political advocacy group called Public First that’s backing congressional candidates who favor safety rules for artificial intelligence, bolstering the company’s fight for “responsible AI” as Silicon Valley money floods into congressional races across the US.Photographer: Samyukta Lakshmi/Bloomberg

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By Bloomberg News

February 23, 2026 at 3:34 PM UTC

This article is for subscribers only.

Hi, welcome to the Bloomberg Deals newsletter. Today, we look at some numbers that will make unhappy reading for technology bankers. Elsewhere, Honeywell salvages its Catalyst takeover by slashing the price.

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